Agri-foods Giant Cargill Enters Salmon Feed Market

GLOBAL Food processing and commodity multinational Cargill is hoping to acquire leading Norwegian salmon nutrition company EWOS in the second aquaculture announcement from Cargill in as many months.

The €1.35 billion agreement is expected to close before the year end following regulatory approval.

The transaction is to include seven feed manufacturing facilities – three in Norway and one each in Chile, Canada, Scotland and Viet Nam -as well as two research and development centres, located in Norway and Chile.

The announcement builds on July’s $30 million joint venture with Naturista to build a shrimp feed facility in Ecuador.

Saren Lin, president of Cargill’s Feed and Nutrition segment, said EWOS, producing over 1.2 million metric tons of feed, is a “winning company”.

She said: “Adding its industry-leading talent and capabilities as well as its thought leadership in sustainable business practices will be transformational for our aquaculture nutrition business.”

EWOS CEO, Einar Wathne, said: “Cargill and EWOS will create a new, world-class aqua feed supply capability that will support the growth potential for fish and seafood consumption and create new opportunities for customers and employees alike.

“EWOS has a strong brand and a deep commitment to high product quality, its people and sustainable aquaculture. Adding Cargill’s vast resources and global reach to EWOS’ leading R&D expertise, will allow the new organization to provide world-class, innovative products and solutions to the global aqua industry.”